BRONTE BIOENERGIE HOLDINGS LIMITED

BRONTE BIOENERGIE HOLDINGS LIMITED

BRONTE BIOENERGIE HOLDINGS LIMITED - Company Information

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BRONTE BIOENERGIE HOLDINGS LIMITED

Company Registration Number:
07698465 (England and Wales)

Unaudited abridged accounts for the year ended 31 July 2020

Period of accounts

Start date: 01 August 2019

End date: 31 July 2020

BRONTE BIOENERGIE HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2020

Balance sheet
Notes

BRONTE BIOENERGIE HOLDINGS LIMITED

Balance sheet

As at 31 July 2020


Notes
2020
2019


£
£
Called up share capital not paid: 700 700
Fixed assets
Intangible assets: 3 11,324,036 11,324,036
Total fixed assets: 11,324,036 11,324,036
Current assets
Stocks: 1,383,747 1,383,747
Total current assets: 1,383,747 1,383,747
Creditors: amounts falling due within one year: 4 (1,432,570) (1,425,085)
Net current assets (liabilities): (48,823) (41,338)
Total assets less current liabilities: 11,275,913 11,283,398
Total net assets (liabilities): 11,275,913 11,283,398
Capital and reserves
Called up share capital: 11,325,036 11,325,036
Profit and loss account: (49,123) (41,638)
Shareholders funds: 11,275,913 11,283,398

The notes form part of these financial statements

BRONTE BIOENERGIE HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 July 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 July 2021
and signed on behalf of the board by:

Name: Graham Jenner
Status: Director

The notes form part of these financial statements

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

3. Intangible Assets

Total
Cost £
At 01 August 2019 11,324,036
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 July 2020 11,324,036
Amortisation
At 01 August 2019 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 July 2020 0
Net book value
At 31 July 2020 11,324,036
At 31 July 2019 11,324,036

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

4. Creditors: amounts falling due within one year note

Trade Creditors 3010Accruals and Deferred Income 700Other Creditors 1428860Total 1432570

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

5. Financial commitments

The Company has agreed to recognize the benefit to its business from certain monies drawn down at various dates from 2007 at varying interest rates from third parties by indemnifying the individuals and entities who have provided guarantees or incurred costs in connection with the origination, draw down and maintenance of the loans from which the Company has benefitted. The funds borrowed through the loans have been used to meet costs in developing the business of the Company. Payments pursuant to this undertaking will only be made by the Company either as free cash flow or other financing introduced into the Company become available. The costs in respect of the borrowed monies have been included in development costs to be recorded in the accounts of the Company for the year ended 31st July 2021.

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

6. Related party transactions

Name of the related party: Graham Jenner & Co Limited
Relationship:
Common Director and Shareholder (Graham Jenner)
Description of the Transaction: Meeting expenses incurred by the Company.
£
Balance at 01 August 2019 33,470
Balance at 31 July 2020 45,995
Name of the related party: Bio Energy Engineering Limited
Relationship:
Common Director (Graham Jenner)
Description of the Transaction: Amounts owed by the Company to Bio Energy Engineering Limited in respect of work in progress, for services owed to it
£
Balance at 01 August 2019 1,383,747
Balance at 31 July 2020 1,383,747

BRONTE BIOENERGIE HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2020

7. Post balance sheet events

The Company is currently engaged in discussions with a third-party finance house, pursuant to which the finance house would provide the financing required for the construction and commissioning of the first renewable energy production plant developed by the Company.